“Back in the old days when there was no sheriff in town, people would rob the banks. Well, here we are in the modern day era, and there's no sheriff in town. The banks were robbing the people.”- Cuyahoga County (OH) treasurer Jim Rokakis
This week on BILL MOYERS JOURNAL (KCET-TV)
BILL MOYERS JOURNAL travels to ground zero of the mortgage meltdown — Cleveland, OH. Correspondent Rick Karr takes viewers to Slavic Village, one of the hardest hit neighborhoods in the nation when it comes to the spate of foreclosures caused by the subprime mortgage crisis. In this working-class neighborhood, more than 1,000 homes stand vacant and decaying in an area that once thrived with families living the American dream of home ownership.
Moyers gets perspective from veteran journalist William Greider, national affairs corresopndent at THE NATION, on the current financial crisis and what he calls “the great deflation of Wall Street.”
And, former Democratic Senator from South Carolina Ernest F. "Fritz" Hollings gives his views on the detrimental stranglehold of money on Washington.
On THE MOYERS BLOG
America's financial future. Tell us what you think.
Bill Moyers and JOURNAL writer Michael Winship on Money and Politics.
Each week, video, transcripts, and further resources and investigations from BILL MOYERS JOURNAL are available online at www.pbs.org/moyers.